EUR/USD

for now I am waiting a break over the resistance line 1.1400 which is formed on the daily and weekly chart.

EUR / USD rose on Wednesday, broke above the resistance line (turned into support) and 1.1290 reached once again the main resistance zone of 1.1375.
Our studies support the momentum if the EUR / USD can maintain upward movement.
Regarding the broader trend, the break above 1.1045 marked the conclusion of a possible training 'double bottom' something that could represent bullish implications wider.

It seems dollar recovery didn't last, eur/usd manage stay above 1.1400 level, next psychological resistance level could be found at 1.1500.

The Euro stays strong and it may continue going higher, a temporary bearish pullback is possible, but the bullish momentum is still in place.

EURUSD rose on yesterday session breaking above previous swing high and close in the middle of the daily range on a narrow range day. The narrow range day is a sign of weakness in the upward momentum as the currency approaches a daily resistance at 1.1460. Today we have a light economic agenda so is a great day for retail profit taking, meaning that today should be a bearish day also with a narrow range day.

EUR/USD couldn't break above the resistance at 1.1440 and is currently in retracement. That said, I think the rally isn't over yet and the pair will continue testing the resistance until it manages to break above it.

The euro experienced a significant increase against the dollar on Wednesday. The pair fulfilled the expectations and thus approached the resistance at 1.1449. Short-term indicators remain in favor of the single currency and a break of key levels could be made soon. Wednesday session started on a course of 1.1211 by early trend was volatile. Bulls took control of the currencies afternoon and peak of the day was achieved at the price of 1.1381. Cross the finish line was 28 pips lower.

1.4000 level is unstable one, I believe anything is possible

victoriajensen posted:
EUR/USD couldn't break above the resistance at 1.1440 and is currently in retracement. That said, I think the rally isn't over yet and the pair will continue testing the resistance until it manages to break above it.

I agree with you but i don't thing that will happened today.

Abdul2012 posted:

victoriajensen posted:
EUR/USD couldn't break above the resistance at 1.1440 and is currently in retracement. That said, I think the rally isn't over yet and the pair will continue testing the resistance until it manages to break above it.

I agree with you but i don't thing that will happened today.

 How could it not happen when the spike was heading right towards the r1 daily pivot. It missed it by several pips on the first spike, but we just touched that pivot as of 10 mins ago. If EU can accumulate here until US market close, then EU will have a massive gap, which smart traders can take advantage of by over-leveraging second prior to the market close.

Price broke over resistance level 1.1400 and I am going long over 1.1450.

EUR / USD was trading higher on Thursday, breaking above the 1.1375 resistance barrier and 'hitting' next barrier of 1.1445, defined by the maximum of 13, 17 and 19 February.
It is open the way for the psychological area of 1.1500.
However, the RSI hit resistance at its line of 70 and went down, while the MACD rose and may move below its signal line soon.

Critical level is 1.1500, above which the gains could be extended to 1.1532.

Check it out the article: Crédit Agricole says it’s time to short the euro(https://www.marketwatch.com/story/credit-agricole-says-its-time-to-short-the-euro-2015-05-15).

Euro / Dollar continued its bullish momentum yesterday, topped at 1.1444 but closed lower at 1.1407. Trading signals remain up now to test 1.1500 - 1.1535. Immediate resistance at 1.1340 we have. A clear break below it could take price to neutral trading zone testing 1.1280 but overall I still prefer a bullish scenario at this phase and any downside pressure should now be regarded as a good opportunity for long positions.

😇

peeterwoolf posted:
Check it out the article: Crédit Agricole says it’s time to short the euro(https://www.marketwatch.com/story/credit-agricole-says-its-time-to-short-the-euro-2015-05-15).

Yes it is. See below what I posted sometime ago.

takechance posted:
Now the pair finally entered into that congestion area lasted between 27.1 to 25.2.2015. Time for bears to act soon vigorously and bring it down sub 1.05 level. Fib extention touch at 1.1420 before that.

Posted on 6th May. Happening?? Lets see a few more days.

OMG, I start to understand why so many people are failling on trading... they believe newspaper! (from a french bank). Fantastic.
So the french bashing will be more intense sooner than later.